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WINSTONCH [101]
3 years ago
8

Jennifer's family always celebrates Christmas with decorated tree and stockings hung on the fireplace. These holiday decorations

are visible symbols of Jennifer's cultural background.
Business
1 answer:
Sliva [168]3 years ago
8 0

Answer:

True

Explanation:

Cultural background is defined as the values and factors that shapes/moulds an individual's upbringing. The factors and values could be religious, ethnic, socio-economic, etc.

In the case of Jennifer's family, the celebratin of christmas involves decoration of trees as well as hanging of stockings on the fireplace. since Jennifer is accustomed to this, it has become a symbol of christmas celebration for her and her family through the years.

Cheers.

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Skor Co. leased equipment to Douglas Corp. on January 2, 2011 for a 7-year period expiring December 31, 2017. Equal payments und
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Answer:

$2,400,000

Explanation:

Always remember that in the case of a sales type lease, the lessor at the inception of the sales type lease would recognize sale of equipment at a price of present value of the lease payments which is $2,800,000 and cost of goods sold will be recorded at cost of equipment which is $2,400,000.

Case 1: If the equipment was an inventory then the double entry would be as under:

Recording of Sales:

Dr Lease Asset $2,800,000

Cr           Sale of Inventory $2,800,000

Recording of inventory out:

Dr Cost of Goods Sold $2,400,000

Cr           Inventory Account $2,400,000

Case 2: If the equipment was fixed asset then the double entry would be as under:

Recording of Sales:

Dr Lease Asset $2,800,000

Cr       Sale of Fixed Asset $2,800,000

Recording of equipment handing over to customer:

Dr Cost of Goods Sold $2,400,000

Cr        Equipment Account $2,400,000

In both of the cases the cost of goods sold will be $2,400,000.

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The table below shows a summary of Kaitlin's credit card statement for the month of February.
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A) 32 percent interest B) Yes it will be paid

Explanation:

23 times 42 divided by 7

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must understand

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